Dislikedhere we go again. I'll just leave it here. Sept 2018 H4 DXY vs H4 DXY right now. {image} {image}Ignored
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Dislikedit plays out with EURUSD breakdown of 1.1200 soon and then re-test range lows near 1.1100 next 10 days (before FOMC). EURUSD daily. spot the similarity. {image}Ignored
Disliked{quote} Wow. I have a slightly longer perspective and have been waiting for the DXY to crash and EU to head towards 1.22 over the next 18 months or so withe DXY following the opposite trajectory. I appreciate your thoughts.Ignored
Disliked{quote} that's the consensus around here. But what if FOMC doesn't cut rates? Probability of the rate cut is almost 100%, so FOMC might act against the consensus, also based on strong data, postponing the rate cut might make sense... Just some thoughts, not predicting any outcomes for the FOMC, in fact it's a 50/50 probability.Ignored
Dislikedmay be with trade war all turmoils added in the play and also trump perhaps frightened with weak usd now , usdx trying very hard to go sideways rather normal price action , likely trying very hard before the tanking or so. Anyway will look only bears for time being to top bull end & bear start & play in bigger bull for last chance. Take care , fontu {image} {image}Ignored
Disliked{quote} EURUSD upside capped at 1250 until FOMC, so short sell any rips/rallies. Target close to 1100/1120. After FOMC 2 options (pick your poison): 1) 1100/1120 breaks and we hit 1000/1020 within one week. 2) 1100/1120 hold as S/R and we reverse and re-test 1300//1350 within 1-2 weeks.Ignored
Disliked{quote} EURUSD upside capped at 1250 until FOMC, so short sell any rips/rallies. Target close to 1100/1120. After FOMC 2 options (pick your poison): 1) 1100/1120 breaks and we hit 1000/1020 within one week. 2) 1100/1120 hold as S/R and we reverse and re-test 1300//1350 within 1-2 weeks.Ignored
Dislikedyou might be right, yes. I'm undecided yet myself on GU and EU. Fundamentally, your option got more credibility. One thing worth noting is GBPUSD H4 price chart, this price control line so far contains the bear pressure. If somehow GU bulls manage to pull off a stunt and buy into this dip, maybe DXY upside will be capped. {image}Ignored
Disliked{quote} Thanks ASG now I see better where you are coming from. Much appreciated. It is fascinating. I still have a negative bias on DXY to sub 96 levels but maybe it is a subliminal bias...Ignored
Disliked{quote} Glad you explained all that to me. Sees as though the consensus you talked about failed. No disrespect. I thought I might be missing somethingIgnored
Disliked{quote} you jump to conclusions too early. ))) let's see what happens next week.Ignored
Dislikedif you were subbed to me, we made good money in the gold trade this week. ))) otherwise, not sure what you are talking about. I didn't place any other trades. All my live trades are posted in my thread. I didn't take any in GU/EU this week. {image}Ignored